Sunset Strip > Trading Day Wrap From Blue Ocean 20170522

Mathan Somasundaram

Local market jumped up on the global optimism and then faded slightly through the day. The best performers were Energy, Metals & Mining and Gold while Health Care, Staples and Retail were the worst performers. Since the start of Q2, we have had every trading Monday as a positive day and weekly performance has positive every alternative week > we’ve had another positive Monday today…time will tell if the week remains positive on a macro light week. Global markets remain uncertain on US economy…(1) White House issues are only going to worsen as more Comey/FBI/Russia mess gets out (2) Syria and North Korea have been missing in recent rhetoric while North Korea ran another missile test on the weekend (3) US flip-flopping on Saudi Arabia and Iran will continue unsettle the area…can’t imagine all of this is going to help the president get his policies through the layers of government.

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Mathan Somasundaram

2017 - Now > Blue Ocean (AUS) > Market Portfolio Strategist 2012 - 2017> Baillieu Holst (AUS) > Head of Strategy, Quant and Data Analytics 2009 - 2012 > Bell Potter / Southern Cross (AUS) > Head of Quant and Data Analytics 2007 - 2009 > LIM...

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